News
Change - Announcement Of Appointment :: Appointment Of Lead Independent Non-Executive Director And Audit Committee Chairman
BackApr 18, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 18, 2019 7:52 |
| Status | New |
| Announcement Sub Title | Appointment of Lead Independent Non-Executive Director and Audit Committee Chairman |
| Announcement Reference | SG190418OTHRV43I |
| Submitted By (Co./ Ind. Name) | Chong Kee Hiong |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | APPOINTMENT OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN |
| Additional Details | |
| Date Of Appointment | 22/04/2019 |
| Name Of Person | Yap Chee Meng |
| Age | 63 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Having reviewed Mr Yap Chee Meng's work experience and qualifications, the Board is of the view that Mr Yap Chee Meng's appointment as Lead Independent Non-Executive Director and Audit Committee Chairman of the Manager would strengthen the Board's capability and add to its diverse breadth of industry expertise, knowledge and experience. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Non-Executive Director and an Audit Committee Chairman |
| Professional qualifications | a) Fellow, Institute of Chartered Accountants in England & Wales b) Fellow, Institute of Singapore Chartered Accountants |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | February 2019 to Present Pavilion Energy Trading & Supply Pte Ltd Non-Executive Director January 2019 to Present PT RHB Asset Management Indonesia Non-Executive Director July 2018 to Present RHB International Investments Pte Ltd and RHB Asset Management Pte Ltd Non-Executive Director April 2018 to Present RHB Asset Management Sdn. Bhd., RHB Islamic International Asset Management Berhad and RHB Asset Management Limited Non-Executive Director September 2016 to Present AXA Insurance Pte Ltd Non-Executive Director August 2016 to Present RHB Investment Bank Berhad Non-Executive Director October 2015 to Present RHB Securities Singapore Pte Ltd Non-Executive Director June 2014 to Present Pavilion Gas Pte Ltd Non-Executive Director December 2013 to Present Keppel Land Limited Non-Executive Director November 2013 to Present The Esplanade Co Ltd Non-Executive Director October 2013 to Present SATS Ltd Non-Executive Director August 2011 to Present Little Tunny Investments Limited Non-Executive Director October 2013 to September 2017 AXA Insurance Singapore Pte. Ltd. Non-Executive Director October 2013 to March 2017 SMRT Corporation Ltd Non-Executive Director October 2010 to September 2013 KPMG International Chief Operating Officer for Asia Pacific Region January 1992 to September 2010 KPMG Singapore Partner and Head of Financial Services |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Please refer to Annexure A |
| Present | Please refer to Annexure A |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | a) SATS Ltd b) Keppel Land Limited (delisted on 16 July 2015) c) SMRT Corporation Ltd (delisted on 31 October 2016) |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable. |
Attachments
- Attachment 1 (Size: 23,549 bytes)
